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From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. 5. 2. 2 C. 7. 7. 4. 24 Then the fisher's quantity index number is?
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From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. ...
Fisher's Quantity Index Number Calculation
Fisher's Quantity Index Number measures the change in the quantity of commodities consumed between two periods. It is calculated as follows:
QI = √((ΣP1Q0)/(ΣP0Q0) * (ΣP1Q1)/(ΣP0Q1)) * 100
Where,
QI = Fisher's Quantity Index Number
Q0 = Quantity in the base period
Q1 = Quantity in the current period
P0 = Price in the base period
P1 = Price in the current period
Calculation
For the given data, the calculation of Fisher's Quantity Index Number is as follows:
QI = √((2*18 + 5*2 + 7*24)/(2*2 + 5*5 + 7*7) * (6*18 + 2*2 + 4*24)/(6*2 + 2*5 + 4*7)) * 100
= √(1404/94 * 732/52) * 100
= √(15 * 14.08) * 100
= 119.18
Interpretation
The Fisher's Quantity Index Number is 119.18, which indicates that the quantity of commodities consumed has increased by 19.18% between the two periods.
Fisher's Quantity Index Number measures the change in the quantity of commodities consumed between two periods. It is calculated as follows:
QI = √((ΣP1Q0)/(ΣP0Q0) * (ΣP1Q1)/(ΣP0Q1)) * 100
Where,
QI = Fisher's Quantity Index Number
Q0 = Quantity in the base period
Q1 = Quantity in the current period
P0 = Price in the base period
P1 = Price in the current period
Calculation
For the given data, the calculation of Fisher's Quantity Index Number is as follows:
QI = √((2*18 + 5*2 + 7*24)/(2*2 + 5*5 + 7*7) * (6*18 + 2*2 + 4*24)/(6*2 + 2*5 + 4*7)) * 100
= √(1404/94 * 732/52) * 100
= √(15 * 14.08) * 100
= 119.18
Interpretation
The Fisher's Quantity Index Number is 119.18, which indicates that the quantity of commodities consumed has increased by 19.18% between the two periods.
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From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. 5. 2. 2 C. 7. 7. 4. 24 Then the fisher's quantity index number is?
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From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. 5. 2. 2 C. 7. 7. 4. 24 Then the fisher's quantity index number is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. 5. 2. 2 C. 7. 7. 4. 24 Then the fisher's quantity index number is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. 5. 2. 2 C. 7. 7. 4. 24 Then the fisher's quantity index number is?.
From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. 5. 2. 2 C. 7. 7. 4. 24 Then the fisher's quantity index number is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. 5. 2. 2 C. 7. 7. 4. 24 Then the fisher's quantity index number is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following data Commodities. Q0 P0 Q1 P1 A. 2. 2. 6. 18 B. 5. 5. 2. 2 C. 7. 7. 4. 24 Then the fisher's quantity index number is?.
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